Investment objective & strategy
As of Feb. 27, 2026 · prospectusStrategy. 7. The following will be added as the fourth paragraph under the Principal investment strategies section of the summary and statutory prospectuses for American Funds Tax-Exempt Fund of New York: The fund is nondiversified, which allows it to invest a greater percentage of its assets in any one issuer than would otherwise be the case. 7. The following will be added as the fourth paragraph under the Principal investment strategies section of the summary and statutory prospectuses for American Funds Tax-Exempt Fund of New York: The fund is nondiversified, which allows it to invest a greater percentage of its assets in any one issuer than would otherwise be the case.
Top holdings
As of Jan. 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| TRIBOROUGH NY BRIDGE & TUNNEL AUTH REVENUES | — | $3.12M | 1.09% |
| STATE OF NEW YORK SALES TAX REVENUE 5.0% 03-15-55 | — | $3.09M | 1.08% |
| NEW YORK UNIVERSITY 4.0% 07-01-46 | — | $2.92M | 1.02% |
| NYC TRANSITIONAL-C-1 | — | $2.87M | 1.01% |
| TRIBOROUGH NY BRIDGE TUNNEL TRBTRN 11/54 FIXED 5 | — | $2.82M | 0.99% |
| STATE OF NEW YORK SALES TAX REVENUE 5.0% 03-15-39 | — | $2.37M | 0.83% |
| TRIBOROUGH NY BRIDGE & TUNNEL REGD V/R B/E 2.70000000 | — | $2.30M | 0.80% |
| PORT AUTHORITY OF NEW YORK & NEW JERSEY 4.0% 02-15-43 | — | $2.26M | 0.79% |
| LONG IS PWR 5% 9/1/2047 | — | $2.25M | 0.79% |
| NYC MUNI WTR FIN-DD | — | $2.21M | 0.77% |
Portfolio moves
Oct 31, 2025 → Jan 31, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| Invesco New York AMT-Free Municipal Bond ETF · PZT | 16% | 0.28% |
| Franklin New York Tax-Free Income Fund · FNYTX, FNYIX, FNYAX, FKTJX, FNYQX | 16% | 0.49% |
| Lord Abbett New York Tax-Free Income Fund · LANYX, NYLAX, LNYFX, NYLIX, LONYX | 15% | 0.58% |
Advisers
| Firm | Role |
|---|---|
| Capital Research and Management Company | Adviser |
Footnotes
- Expense ratio as of February 27, 2026, from the fund's prospectus.
- Net assets and holdings count as of January 31, 2026, from the fund's N-PORT filing.
- Total return for calendar year 2025, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2025 (the latest prospectus does not yet chart this year).
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